Amfi proposes a 17-point budget wish list
Association of Mutual Funds in India (Amfi) has proposed several points for the Budget 2020 to help take Indian mutual fund Industry to next orbit of growth.
In a first, DDA to offer penthouses, luxury flats
The Delhi Development Authority (DDA) will, for the first time, offer luxury flats, includi...
Rs 7,200-crore scholarship plan for reserved class
Proposal is for class 9 to postgrad students of OBC, SC, Denotified tribe, EBC categories....
Subsidised LPG prices rise 13% in 6 months
State oil companies raised prices of subsidised cooking gas by nearly Rs 30 a cylinder in August and raised it by another Rs 32 in the five months that followed. The current hike appears steep compared to the total increase of Rs 82 in five years to mid-2019.
PACL case: Sebi introduces facility to view status of claim applications, rectify errors
PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected more than Rs 60,000 crore through illegal collective investment schemes (CIS) over a period of 18 years.
BSE to introduce future contracts on Brent crude oil
In a circular, the BSE said, "Exchange shall introduce futures contracts on brent crude oil in commodity derivatives segment with effect from January 27, 2020."
IBA revises performance-linked scheme, hikes wages to 12.25%, unions reject offer
Under the scheme, the bankers' body has offered to pay 14 extra days of salary for staff of lenders that show a 10-15% increase in operating profit and 21 days for banks that report more than 15% rise in operating profit. IBA was earlier in favour of taking both operating profit and RoA as key metrics for defining organisational performance.
Bright spot eludes solar powered agri income plan
TEDA has drawn up a plan to enlist farmers from across the state and supply them solar panels free of cost to generate power.
Uttarakhand government mulls introducing pension scheme for acid attack survivors
There are ten acid attack survivors in Uttarakhand who live in Haridwar, Nainital and Udham Singh Nagar districts.
India to revamp scheme for states’ statistical capacity
“The World Bank team also made a brief presentation on the NPIQSI, a project under preparation envisaging the assistance of World Bank under Investment Project Financing as a first phase,” the ministry said in a statement on Friday after it organized a one-day workshop for strengthening of statistical system of states.
Economic slowdown hits jobs sector: SBI report
India is projected to create 16 lakh less jobs in FY20, according to a SBI research report.
Does switching from one mutual fund scheme to another attract capital gains tax?
An individual can switch from one mutual fund scheme to another. The money is redeemed and directly reinvested.
SC exempts retrospective petitions from IBC amendment
Home buyers can set stringent conditions for individual financial creditors to approach the bankruptcy court.
TMC govt not implementing central schemes as there is 'no cut money', says PM Modi as Mamata Banerjee skips event
Addressing the 150th anniversary programme of Kolkata Port Trust, which Chief Minister Mamata Banerjee skipped, Modi said people in West Bengal would not have to miss out on the benefits for long, an apparent reference to the Assembly polls next year.
Kerala CM announces wage subsidy scheme for new ventures
“The investment climate prevailing in the state is most conducive. This is especially significant at a time when certain parts of the country and the world are in the grip of tension and anxiety. Here is an ideal destination where investment can be made in diverse sectors without having any tension or anxiety,” the chief minister said.
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